We've been in the antiques and collectibles business for a long time, and we understand that most everyone is strapped for finances at some time or another.
We also realize that many items we sell are either one-of-a-kind gems, or an extremely rare find and that folks would be more apt to purchase an item, or bid a little higher if they could only spread the payments out over a period of time, rather than pay the whole price at once.
Therefore, we are now offering our special "budget friendly" layaway plan, where we ask for 10% of the winning bid within 7 days of the close of the auction, and we will hold the item on layaway with the balance to be paid within 60 days of the close of the auction.
This is how it's done in real life and we feel that our ebay auctions should be no different.
If, however, the balance of the payment has not been received by the end of the 60 day period, the item will be relisted and the 10% fee will not be refunded. This will cover our expenses for relisting, handling, and other factors.